Company No. 04238548
Charity No. 1096639
QUOTHQUAN HOMES
(A Company Limited by Guarantee)
UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 31 December 2024
www.quothquanhomes.org.uk
Independent Examiner: Peter Saltiel
Church & Charity Accounts Service Ltd

QUOTHQUAN HOMES
{A Cornpany Limited by Guarantee)
Contents
Year Ended 31st December 2024
Page
Company Infomiation
Report of the Trustees (Including Directors, Report)
Independent Examinerfs Report
Statement of Financial Activities and
Income and Expenditure Account
Balance Sheet
Notes to the Financial Statements
7-11

QUOTHQUAN HOMES
IA Company Llmited by Guarantee)
COMPANY INFORMATION
Charlty Name:
Quothquan Homes
Reglstered Charity Number:
1096639 (England & Wales)
Company Number:
04238548 (England & Wales)
Governlng Document:
Memorandum and Artides of Association
incorporated on 21•1 June 2001
Tru3tee8:
J A Gilmour
E J Robinson
S J Robinson
Secretary:
S J Robinson
Prfnclpal Offlce & Correspondence Addre88: Dale Farm
Worcester Lane
Sutton Coldfield
West Midlands
B75 SPR
Bankern:
Barclays Bank
Leicester
LE87 2BB
Independent Examlner:
Peter Saltiel
Church & Charity Accounts Service Ltd
7 Planchadeau
23460 Saint-Pierre-Bellevue
France

QUOTHQUAN HOMES
IA Company Limited by Guarantee)
Report of the Trustees (Including Directors, Report) 2024
The trust￿$, who are dlrectors of the company for the purposes of company law, present their
report and financial statements together with the independent examinerfs report for the period
ended 31 December 2024.
The Charity was established by memorandum and articles of association on 218t June 2001 under
company number 04238548 and was recognised as a charity on 21 March 2003 under charity
number 1096639. The principal office is Dale Fann, Worcester Lane, Sutton Coldfield, 875 SPR.
Objec( Actlvlties and Publlc Benefft
The Objects of the Charity are to advance the Christian faith and, as an expression of Christian
witness love and concem, to:
prov￿8 accommodation arKI 8SS(X18ted amenities, seTrices, advice or assistance forpersons
in necessitous circumstances or in chantable ne8d,' pmvide and/or support facilities to improve
the conditions of life for the local community, relieve the aged, the poor, the sick and those In
conditions of need, h8rdship and distress," and provide and/or support tsaining and p8Storal
care.
The trustees have taken account of the Charity Commission's general guidance relating to public
benefit when reviewing the Charity's achievements and perfomance.
To date the Charity has only met housing need. To this end the Charity owns and manages Rented
Social Housing not required under the Section 106 Agreement with the City of Binningham on the
housing development at Harvest Fields in Sutton Coldfield.
At the year end, the Charity was renting out twenty properties to those who, before they moved to
Harvest Fields, were considered to be in housing need.
Achlevements, Performance and Publlc Benefft
The trustees consider that the Object has been achieved satisfactorily during the year by providing
good quality, affordable accommodation fortheir tenants. The provision of a home from Quothquan
Homes has dramatically improved the qualty of life for most tenants, families. many of whom came
from sub-standard or inappropriate sized properties. In many instances it has also released a
property back into the rented housing market. They consider that this has satisfied the public
benefit test.
Financial Review & Reserves Pollcy
The ￿SuItS of the Charity for the year ended 31st December 2024 are set out in the financial
statements. Income for the financial year was £140,616 (2023: £123,692). Expenditure for the
financial year was £91,866 (2023: £74,430).
The undesignated reserves carried forward are £840,044 which is considered satisfactory.
However, the uninvested portion of these is only £142.758 (the free reserves). It was always the
expectation of the trustees that, having paid interest and other costs, there would be very few free
reserves for many years.
Given the financial support available from the Quothquan Trust, this Charity can operate
successfully with only small non4esignated reserves. The trustees actively monitor risks and seek
to minimise, manage andlor eliminate them where possible and practicable.

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Report of the Trustees (including Directors, Report) 2024
Trustees
The trustees listed on page 1 (J A Gilmour, E J Robinson and S J Robinson) have held office
throughout the year. Trustees are appointed by the members who are the trustees. Details of
transactions with connected charities and related parties are set out in note 13.
Responsibilities of the Trustees
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under
that law the trustees have elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and
applicable law). Under company law the trustees must not approve the financial statements unless
they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the
surplus or deficit of the Charity for that period. In preparing these financial statements, the trustees
are required to'.-
select suitable accounting policies and then apply them consistently.,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue operating.
The trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the Charity's transactions and disclose with reasonable accuracy at any time the
financial position of the Charity and enable them to ensure that the financial staternents comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In preparing this report, the Trustees have taken advantage of the small companies exemptions
provided by section 415A of the Companies Act 2006.
Approved by the TrusteeslDirectors on 16th July 2025 and signed by their order.
S J Robinson
Secretary

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIDIRECTORSIMEMBERS OF
QUOTHQUAN HOMES FOR THE YEAR ENDED 31ST DECEMBER 2024
Charity No: 1096639
Company No: 4238548
I report on the accounts of Quothquan Homes for the year ended 31 st December 2024 which are
set out on pages 5 to 11.
Responsibilities and basis of report
As the charity's trustees of the Company (who are also the directors of the company for the
purposes of company law). you are responsible for the preparation of the accounts in accordance
with the requirements of the Companies Act 2006 ('the 2006 Ac*°).
Having satisfied myself that the accounts of the Company are not required to be audited for this
year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect
of my examination of your charity's accounts as carried out under section 145 of the Charities Act
2011 ('the 2011 ACV). In carrying out my examination, I have followed the Directions given by the
Charity Commission (under section 145(5){b) of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention
which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act
2006; or
the accounts do not accord with suth records; or
the accounts do not cornply with relevant accounting requirements under section 396 of the
Companies Act 2006 other than any requirement that tho accounts give a 'true and fairf view
which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Peter Saltiel
Church & Charity Accounts Service Ltd
7 Planchadeau
23460 Saint-Pierre-Bellevue
France
Dated 21* July 2025

QUOTHQUAN HOMES
(A Company Llmited by Guarantse)
ststement of Financial Actlvltles and
Summary Income and Expendlture Account
Year Ended 31st December 2024
Total
Total
Unrestrlcted Unrestricted
Funds
Funds
2024
2023
Notes
Income:
Charitable activitles..
Rent receivable
Interest receivable
138,306
2.310
123,014
678
140,616
123,692
Expendlturn:
Charitable actlvltles
(91,866)
(74,430)
Net Income for the year
48,750
49,262
Net movement In fund8
448,750
49,262
Total funds brought forward
791,294
742,032
Total funds carried fonNard
840.044
791,294
The Statement of Financtal Activities Includes all gains and losses recognised in the year.
All the above results are derived from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Balance Sheet
At 31st December 2024
Notes
2024
2023
Fixed Assets
Tangible assets
1,744,658
1,765,284
Current Assets
Debtors
Cash at bank
1,041
154,723
2,163
130,438
155,764
132,601
Creditors: Amounts falling due within one year
10
(13,006)
(5,905)
Net Current Assets
142,758
126,696
Total Assets less Current Liabilities
1,887,416
1,891,980
Creditors: Amounts falling due after more than
one year
13
(1,047,372) (1,106,591)
Net Assets
840,044
791,294
Represented by
Unrestricted funds
840,044
791,294
The trustees {who are also the directors of the company for the purposes of company law) confirm that for
the year ended 31$1 December 2024.
the company was entitled to exemption from audit under section 477 of the Companies Act 2006,
and
members have not required the company to obtain an audit of Its accounts for the year in question
in accordance with section 476 of the Act.
The accounts have been examined by an independent examiner whose report appears on page 4.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
The Notes on pages 7 to 10 form an integral part of these accounts.
These accounts, which have been prepared In accordance with Ihe provisions in the Companies Act 2006
relating to small companies, were approved by the trustees l Direclors on 16th July 2025 and signed on
their behalf by..
S J Robinson - Trustee
Company No. 04238548

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Notes to the Financial Statements
Year Ended 31 st December 2024
Basis of Preparation
Basis of accounting
These accounts have been prepared under the historical cost convention with items
recngnised at cost or transaction value unless otherwise stated in the relevant note{s) to
these accounts, accordan￿ with the Statement of Recommended Practice: Accounting
and Reporting by Charities preparing their accounts in accordan￿ with the Companies
House 2006 and the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102).
The accounts present a true and fair view and no changes in the basis of accounting have
been rnade during the year. There have also been no changes to the previous accounts
during the financial year. The chanty is a public benefit entty as defined by FRS 102.
Going Concern
The trustees are of a view that there are sufficient reserves to secure the immediate future
of Ihe Trust for the next 12 to 18 months and on that basis the chanty is a going concem.
Accounting Policies
2.1 Fund Accountlng - Unrestricted funds
These are donations, rental and other income received or generated for the objects of
the charity without specific purpose and are available as general funds. The charity
has no restricted funds.
2.2 Income
Rental income is included in the Statement of Financial Activities (SOFA) when the
charity is entitled to the resource; that is more likely than not that the trustees will receive
the resources and that the monetary value can be measured with sufficient reliability.
Income from interest is induded in the accounts when receipt is probable and the
amount receivable can be measured reliably.
2.3 Expenditure
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable ￿rtainty.
Expenditure on charitable actNities is incurred on directly undertaking the activities
which further the charity's objectives, as well as any associated support costs.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good pradice. Rent prepaid is recorded as deferred
incorne as current liabilities. Provisions for liabilities are measured on recognition at its
historical cost and then subsequently measured at the best estimate of the amount
required to settle the obligation at the reporting date.

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Notes to the Financial Statements (convd)
Year Ended 31st December 2024
Fixed Assets
Purchased fixed assets are capitalised at the price paid (plus fees etc) even if the open
market value could be or was higher at the time of acquisition.
Depreclation
Depreciation is calculated to write off from the date of first occupation the cost of buildings
at 20/0 per annum straight line and carpets and fumiture at 12/20/0 per annum straight line.
Current Assets
Current assets are cash at bank with immediate access and debtors.
Current Liabilities
Current liabilities are obligations to pay for seNices related to the properties within one year.
Non4urrent Liabilities
Non-current liabilities relate to the loan from Quothquan Trust and related interest. This
was used to purchase properties as reported in Note 13. There is no fixed temi for the loan
and the charity maintains its obligation to repay the loan.
Judgements and Estimations
The trustees have not made any significant judgements in the process of applying the
accounting policies and there are no areas of estimation uncertainty that have a significant
risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Cash Flow Exemption
The trustees have not produced a statement of cash flows, as the Charity is within the small
company and charity thresholds.
Income
The income and result for the year are attributed to the principal activity as set out in the
report of the trustees. The whole of the income totalling £140,616 (2023: £123,692) was
derived from the UK.
Expendlture on charitable activities
2024
2023
Interest payable
Depreciation of tangible assets
Property expenses
Governance - Independent Examiner
Govemance - Companies House
Bookkeeping & admin charge from SQCT
Bank charges
5,685
20.626
60,218
700
34
4,500
103
8,327
20,626
40,227
635
13
4,500
102
91,866
74,430
QUOTHQUAN HOMES

(A Company Limited by Guarantee)
Notes to the Flnancial Ststements (cont'd)
Year Ended 31st December 2024
Trustees
Neither of the trustees has received any remuneration from the Charity for services rendered
nor been reimbursed any expenses. Details of transactions with connected chartties and
related partles are set out in note 11 below.
Staff Costs
Since there were no employees, no employee was paid more than £60,000 per annum.
Taxation
The cornpany is a registered charity and, as all its income will be applied for Gharilable
purposes, no liability to tax arises in respect of the year ended 31 st December 2024 (2023:
nil).
Tangible Flxed Assets
2024
Totsl
2023
Total
Cost
At 1st January
Additionsldisposals in the year
2,155,595
2,155,595
At 31 st December
2,155,595
2,155,595
Depreclatlon
At 1$1 January
Charge for the year
390,311
20,626
369,685
20,626
At 31st December
410,937
390,311
Net Book Value
At 31st December 2024
1,744,658
1,765,284
At 31 st December 2023
1.765.284
1,785,910

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Notes to the Financlal Statements (cont'd)
Year Ended 31st December 2024
Debtors
2024
2023
Rental debtors
Prepayments
821
220
1,871
292
1,041
2,163
10. Credltors falling due wlthln twelve months
2024
2023
Rents prepald
Accruals
2,190
10,816
714
5,191
13,006
5,905
11.
Utlllsatlon of Funds
2024
Total Funds
2023
Total Funds
Opening balance
Net incoming resources before transfers
791,294
48.750
742,032
49,262
Closing balances
840,044
791,294
Represented by:
Tangible fixed assets
Net current assets
Long term loans
1,744,658
142,758
(1,047,372)
1,765,284
126,696
(1,100,686)
840,044
791,294
12.
Share Capltal
The Charity is limited by guarantee and has no share capital. Each member of the Charity
has undertaken to contribute a sum, not exceeding £1, if it is wound up whilst that person is
a member or within one year after ceasing to be a member.
10

QUOTHQUAN HOMES
(A Company Limited by Guarantee)
Notes to the Financial Statements (cont'd)
Year Ended 31 st December 2024
13.
Connected Charities and Related Party Transactions
Quothquan Trust, which is connected by virtue of common trustees, loaned this Charity all
the funds to acquire four apartments in previous years at 3,7 % pa (considered a commercial
rate of interest for that purpose). They also loaned the funds to purchase houses in previous
years at 7%pa. Accordingly it loaned a rnaximum of £1,100,686 (2023: £1,171,359) in the
year and at the year*nd £1,047,372 {2023: £1,100,686) was outstanding. It charged
interest of £5,685 (2023: £8,327).
There is also a contingent liability of up to £3,235,710 {2023: £2,949,432> to pay additional
interest to it that is only payable out of any surplus on disposal of the properties.
The Second Quothquan Charitable Trust, which is another charity connected in the same
way, provided this Charity with book-keeping and administration services for which it
charged £4,500 (2023: £4,500).
11